Investors pulled another $2.5 billion in assets from Putnam Investments in April. Since January, investors have extracted more from Putnam than any other Us fund manager. In the first four months of the year, they pulled out $10.4 billion, Financial
E Trade, the online bank and brokerage firm, wants to sell its 15,000 automated teller machines, most of which were bought just four years ago through its purchase of Card Capture Services Inc. The ATM network is thought to be
BISYS, a provider of business process outsourcing solutions for financial services, has shed further light on this week's announcement it was nearly tripling its adjustment for insurance receivables. BISYS earlier this week said that its previously reported adjustment of $24.7
Subpoenas have been issued to more US insurance companies in New York Attorney General Eliot Spitzer's probe into insurance broker fees, according to a report in the New York Times. Chubb Corporation admitted on Monday that it had received a
BISYS said that its previously reported adjustment of $24.7 million ($15.5 million net of tax) to commissions receivable in its Life Insurance division will be increased to approximately $70 million to $80 million (approximately $44 million to $50 million net
SGAM will double its retail fund range at the end of May, following the conversion of its range of unit trusts to open ended investment companies (OEICs) over the weekend of the May 22 to 23, a spokesman for SGAM
INVESCO Real Estate Limited ("INVESCO") and ORCO Property Group ("ORCO") announce the establishment of the ENDURANCE Real Estate Fund for Central Europe (the "Fund") in Luxembourg. The Fund is focusing on a "Core Plus" strategy of acquisition, development, refurbishment and
A group of leading independent mutual fund directors from a wide spectrum of funds have joined together to form the Independent Directors Council. The objectives of the Council will be to enhance fund directors' participation in the development of public
Deutsche Asset Management (DeAM) has announced the launch of the Deutsche GlobalSpectrum Common Contractual Fund (GlobalSpectrum CCF), the first fund enabling UK institutions investing in US equities to benefit from both the lower costs of a pooled fund and the
Dharma Holdings S.A., the Luxembourg based holding company, has launched a new portfolio and fund management firm Europenne de Gestion Prive (EGP) with its main office in Bordeaux and branches in Toulouse and Rome. EGP is authorized by the Autorit